Nippon India Overnight Fund - Regular Plan - Weekly Dividend Reinvestment Option

(Erstwhile Reliance Overnight Fund - Regular Plan - Weekly Dividend Reinvestment Option)
Category: Debt: Overnight
Launch Date: 17-12-2018
Asset Class: Fixed Interest
Benchmark: CRISIL Overnight Index
Expense Ratio: 0.18% As on (31-10-2019)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 2,342.44 Cr As on (31-10-2019)
Turn over: - | Exit Load: 0.00% - 0 day

100.0695

3.96%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
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vs
S&P BSE Liquid Rate Index
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks to generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity.

Current Asset Allocation (%)

Indicators

Volatility
Sharp Ratio
Alpha
Beta
Yield to Maturity 4.87
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Nippon India Overnight Fund - Regular Plan - Weekly Dividend Reinvestment Option 17-12-2018 - - - - -
UTI - Overnight Fund - Regular Plan - Growth Option 09-12-2003 5.75 5.62 5.33 6.78 7.01
SBI OVERNIGHT FUND - REGULAR PLAN - GROWTH 24-09-2002 5.73 5.94 5.87 6.47 7.34
ICICI Prudential Overnight Fund - Growth 05-11-2018 5.73 - - - -
ADITYA BIRLA SUNLIFE OVERNIGHT FUND-REGULAR PLAN-GROWTH 05-11-2018 5.7 - - - -
HDFC Overnight Fund - Growth Option 06-02-2002 5.68 5.88 5.89 6.31 6.79
L&T Cash Fund - Regular Plan - Growth 27-11-2006 5.08 5.28 5.31 6.0 7.03
Axis Overnight Fund - Regular Plan - Growth Option 15-03-2019 - - - - -
Sundaram Overnight Fund Regular Plan Growth 20-03-2019 - - - - -
Union Overnight Fund - Regular Plan - Growth Option 26-03-2019 - - - - -

Scheme Characteristics

Investment in overnight securities having maturity of 1 day.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months

Short term capital gains (STCG) tax at the income tax slab rate applicable to the investor, if units are held for less than 36 months

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person **

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

** The DDT is to be paid by the mutual fund

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